Brambles Industries Limited

Computershare $7.15 $10.50 47%

We're still comfortable with the company's medium term prospects but with such a stellar price rise, one could be forgiven for taking part profits. Hold/Take part profits.

Brambles Industries $29.20 $41.03 41%

Brambles is one of our favoured defensive stocks and has been re-rated along with a few others. With good growth prospects from its pallet operations in Europe and the US, interest remains firm. Hold/Accumulate on weakness.

Australian Stock $8.45 $11.50 36%

Just how much are investors willing to pay for this stock? While the company should do well (it's a virtual monopoly after all), its over priced and sooner or later we'd expect the price to come back. Take Part Profits.

John Fairfax Holdings $2.83 $3.77 33%

With hindsight, our Hold recommendation at $2.83 was too conservative. Although the share price may push higher, at these higher levels we'll stick to our original Hold recommendation.

Ten Network $1.96 $2.58 32%

It looks like our timing over Ten was correct. With low operating costs and buoyant ratings Ten is likely to enjoy the benefits of a surprisingly healthy economy. Hold/Accumulate on Weakness.

Westfield Holdings $7.58 $9.36 23%

Westfield is one of the true growth stocks and even at these higher prices can be accumulated. The company has a proven track record and a solid management team.

Just Jeans Holdings $1.27 $1.55 22%

With past problems now being ironed out we'll look to review the company in more detail in a later issue. We have upgraded our previous Hold recommendation to Accumulate.